Cushman & Wakefield announced June 10 that Justin Markley has joined the firm’s Valuation & Advisory Infrastructure & Energy Practice Group as an executive director.
“He’s a recognized leader in Florida for right-of-way and eminent domain valuation, and we have a long track record together dating back to our time coleading Florida Valuation, which we grew into the state’s largest eminent domain appraisal firm,” said Nick Chop, executive director of Valuation & Advisory.
Cushman & Wakefield said its strategic focus on scaling its infrastructure and energy platform is based on growing demand and significant public and private investment in transportation, utilities and energy assets.
The commercial real estate firm said Markley brings more than 18 years of experience in commercial real estate valuation, with a specialization in eminent domain and right-of-way assignments.
His experience includes retail, office, industrial, multifamily, mixed-use and development land.
He has served as an expert witness, is an appraiser of record for multiple state transportation agencies and has been involved in infrastructure projects throughout the Southeast.
Markley will work with Chop and a team of infrastructure specialists to support valuation needs tied to transportation, utility and large-scale public infrastructure projects.
According to his LinkedIn profile, Markley’s previous experience in Jacksonville includes the CBRE commercial real estate firm; Florida Valuation; Valbridge Property Advisors; and Broom, Moody, Johnson & Grainger Inc.
In March 2019, CBRE Group Inc. bought Jacksonville-based Florida Valuation Group Inc., which remained in Jacksonville.
The commercial real estate appraisal firm specialized in right-of-way appraisal and litigation support related to eminent domain proceedings in Florida and the Southeast.
The group’s three principals, Chop, Markley and Courtland Eyrick, joined CBRE as directors to lead its right of way/eminent domain specialty practice in Florida and the Southeast.